Bay Exchange Review
You may not happen to find a better online broker in your area. In addition, it would be inappropriate for you to search a broker in your area when you wish to engage in online trading.
In fact, you can access the best online trading platforms irrespective of your nationality. So basically you are not restricted to choose a local online trading platform.
But we know why you were settling on a local platform because you think you lack the information about international brokers. With this Bay Exchange Review you can go through the data we have collected describing the best online trading platform.
If you are about to begin a trading career then you should know that first of all you need a broker and then you need to own a trading account. So let us begin working on your inquiry.
Broker’s Trading Accounts
When visiting the website of the broker, you would be feeling a sense of great security when you would proceed to choosing an account. The broker has many options in the accounts which have been designed in manner that any of them can best suit and fit your usual and specific needs. You need to however focus on examining the features attached with each account because the features vary from account to account.
Each account has some common features and as the account level increases then similarly extra features and benefits are added into. The common features are access to education, leverage, tools (e.g. trade indicators, price charts, trade analysis) and resources (e.g. webinars, training sessions etc.). Variable features include features of spreads, discounts, margins, discounts, account manager, trade specialists/advisors, 24/5 advisory services etc.
The good thing about account opening with the broker is that the process is non-complex and, in addition, the registration is not time consuming at all.
Trade Instruments Offerings Of The Broker
When you would try to search for best online brokers, you’ll find plenty of options but not everyone is as good as it seems. Their services could be not at par with the usual brokerage standards and practices. They might not be allowing you to enter global markets and would require you to enter into trades of specific instruments only.
However, the broker is not like them at all. First of all, the broker’s trading platform offers opportunities of trading in forex, commodities, stocks, indices, metals, futures, crypto etc. Secondly, it encourages its brokers to make sure to access international markets, particular the biggest ones, in order for them to double their profits.
Funding The Trading Account
Most important step for trading with the broker is however the funding of the account. For the fulfillment of this step, the chosen trading account is funded by the trader with the initial deposit requirement as per the account. Funding requirement also varies in value which increases according to the higher grade trading account.
Once the funding is furnished, the trading account as well as the features contained in it, become exclusively usable by the trader. The funding of the account is a contractual agreement which is duly covered under the terms and conditions of the broker.
Generally, the funding of the account is not a minute long process. However, the time could be more, and even extend up to 2 to 3 days, depending on the mode of transferring the funds. For instance, credit card as well as electronically sent transfers are spontaneous.
But in case the initial deposit amount has been routed through a banking channel, then it usually takes up to 3 working days for the transfer to take effect. Both of these payment options are duly accepted by the broker and the same are also used by the broker when the broker has to meet the withdrawal request.
End Remarks
Always pay attention to public reviews and opinions of your friends and colleagues when you are looking for a broker. You can look up for reviews regarding Bay Exchange and see for yourself where this broker stands. If you feel the broker is right option for you, then don’t delay joining it.
